N26 Bank review Germany

A digital bank account with budgeting tools, fast and easy payments and more.

N26 is a digital bank account and app that has a number of useful features. These include automatic spending categorisation and a daily spend figure to help you manage your money, customisable withdrawal limits and Spaces to help you save for a goal.

In this review we break down all of N26’s features, costs and limits so you can see if the app is going to suit you.

0 €

Management Fee

2 €

ATM Withdrawal

0%

Currency conversion Fee

Compare N26 accounts

Name Product Management Fee Card delivery Supported currencies
N26 Standard
0 €
Up to 10 working days

1

Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save.
N26 Smart
4.90 €
Up to 10 working days

1

A mid-tier, premium subscription plan that comes with a range of essential money management features to help you better manage your finances.
N26 You
9.90 €
Up to 10 working days

1

A smart IBAN account with no currency conversion fees, complimentary insurances and no ATM fees here or abroad.
N26 Metal
16.90 €
Up to 10 working days

1

Receive a stainless steel Metal card available in 3 shades, an insurance package and exclusive offers.
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How it works

N26 is a digital bank that’s available in a number of countries across Europe including Germany as well as the US. When you sign up with N26 Bank, you have four account options to choose from; N26 Standard, N26 Smart, N26 You and N26 Metal.

N26 Standard is the most basic account and the only free option. The Smart, You and Metal accounts each have monthly fees attached to them but also more features. All four accounts come with a Mastercard, an app, free ATM withdrawals in Euros and free payments in any currency. The app offers spending insights, security options and other useful features to help you understand and manage your money.

You manage your N26 account out of the app, which is accessible from your smartphone, or the N26 web app.

Key features

You can do a lot with N26 in Germany. This includes:

  • 100% digital banking. N26 offers a virtual debit card for all account tiers, which is issued instantly upon account opening. The virtual debit card is compatible with both Apple Pay and Google Pay, and may be used to withdraw cash from contactless NFC-enabled ATMs.
  • Manage, transfer and spend in multiple currencies. N26’s currencies feature is powered by Wise, letting you send money in 19 currencies from the app. You won’t be charged for foreign currency transactions or for a limited number of ATM withdrawals in Euros. The You and Metal accounts also won’t charge you for foreign currency ATM withdrawals.
  • Google Pay and Apple Pay. Make contactless payments with your smartphone by adding your N26 card to Apple Pay or Google Pay.
  • Security. Set and change daily spend and withdrawal limits, reset your PIN, lock and unlock your card and enable or disable online or foreign payments.
  • Budgeting tools. Get automatic spending categorisation, view spending analysis and insights and create your own personal tags to organise your transactions.
  • Save with spaces. If you want to save for a specific goal you can use N26’s Spaces function. It lets you put money into small sub-accounts that are kept away from your main funds.
  • MoneyBeam. This feature lets you send money to your contacts without needing to know their bank details. Money is sent to fellow N26 users instantly or within two days if they’re not with N26.
  • IBAN. You’ll be able to set up standing orders and receive and make payments the way you would with a traditional bank.
  • Manage from multiple devices. Many challenger banks are only available through a smartphone app, but N26 also allows you to access your account from its web app as well.

N26 account options

N26 offers four different account tiers: the standard N26 account, Smart, You and Metal. Here are the costs and features of these accounts:

N26 fees and limits

There are a few different costs and limits that come with an N26 account. These include:

  • Monthly fees. The N26 Smart account comes with a monthly fee of €4.90, the N26 You account comes with a monthly fee of €9.90 and the Metal account comes with a monthly fee of €16.90.
  • Currency conversion fee. N26 charges no foreign currency fees across its four accounts.
  • ATM fees. You receive 3 withdrawals per month fee-free when withdrawing Euros. For any other currency, you will pay a 1.7 € fee if you have a free account. There is no fee for international ATM withdrawals if you have a paid account.
  • Overdraft fee. If you overdraw your account you will be charged 8.9% on the amount you overdraw.

Verdict

N26 is a good option to consider for a few reasons. You can use it to spend in and transfer multiple currencies fee-free, get on top of your spending with the budgeting tools and benefit from extra perks such as insurance.

If you’re not looking to pay for a bank account, N26’s free N26 Standard account still has a lot of the features that make it worth signing up for including budgeting tools and foreign currency spending and transfers. You just won’t get extra perks such as insurance and you’ll be charged a small fee for ATM withdrawals in other currencies.

If you want a more feature-packed account, the three other paid accounts are likely to be worth it if you’ll use the features. If you plan to make large deposits as a new customer, just be aware that you’ll be charged interest on the balance over €50,000 unless you opt for the N26 Metal account.

Experiences from other N26 users

N26 scores 4 over 5 based on 15,000+ reviews and is rated Great on Trustpilot.

User ratings# of reviewsWhat do customers say
4 / 515,051
  • “This internet-only, fully-licensed European bank offers most of the accustomed features, regulation, safety, and service of the regular banks, but in a lightweight mobile app.” — Alex Mambourg
  • “I have been a customer for over a year and I find the N26 bank very good, easy and comfortable to use. My experience is very positive, I have not encountered any problems and I find the customer service very good.” — Alex
  • “My card was recently used fraudulently, causing it to be locked. If you need a new card for this reason, you either need to wait over 2 weeks for a new one, or pay them 20€.” — Emma Dawkins

*Note: Information provided is based on the reviews and rating on Trustpilot (11 May 2021).

How to sign up with N26

Opening an account with N26 is fast and easy. You can do it from your smartphone or computer and it only takes a few minutes.

Eligibility criteria

  • Over 18 years old
  • Reside in a supported country (for example, Germany)
  • Have a tax identification number
  • Have a valid identity document
  • Have a smartphone

Sign-up process

  1. Click “Go to site” to be securely redirected to N26’s website
  2. Enter your email address and personal information
  3. Confirm your email address
  4. Select the type of account you want (N26 Standard, N26Smart, N26You or N26Metal)
  5. Verify your identity
  6. Make a small deposit to activate your account
  7. Wait to receive your card. This will take between two and three working days.

Compare N26 with other digital banks in Germany

Name Product Management Fee Card delivery Supported currencies
Commerzbank Free current account
0 €
3 to 4 business days

1

Receive €100 starting credit after 3 months of account activity

A current account with 0 € fees and cashback at select Shell petrol stations. Includes a Mastercard Classic credit card.
Nuri Bank Account
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Up to 14 days

1

A unique bank account and crypto-wallet managed through a user-friendly app with real-time spending notifications. Includes a free digital Mastercard.
N26 Standard
0 €
Up to 10 working days

1

Benefit from no monthly fee, no currency conversion fees and a raft of in-app budgeting features to help you save.
Vivid Standard
0 €
4-5 days

1

A free bank account with fee-free payments and transfers globally. Enjoy up to 20€ cashback per month.
1822MOBILE Current Account
1822MOBILE Current Account
0 €
N/A

1

Free account management, €20 when you open an account, up to €100 referral bonus and a free savings bank card: your current account 1822MOBILE offers all of this.
Openbank Free Current Account
0 €
N/A

1

A free current account with free euro transfers within the eurozone. Includes a debit card with free cash withdrawals worldwide.
DKB-Cash: Free current account
0 €
Up to 7 business days

1

A current account with fees that comes with a free Visa credit card and free cash withdrawals worldwide.
Norisbank Top Current Account
0 €
5 to 7 working days

1

Benefit from a 0 € account fee, free Maestro card and free cash withdrawals from thousands of locations worldwide.
Commerzbank StartKonto
0 €
3 to 4 business days

1

A free current account for young people with a free Young Visa credit card. Cashbacks and discounts in more than 2,000 online shops.
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Name Product Management Fee Card delivery Supported currencies
Comdirect Bank Current Account
4.90 €
N/A

1

A current account with no minimum incoming funds. Includes a free Visa credit card and free cash withdrawals worldwide.
N26 Metal
16.90 €
Up to 10 working days

1

Receive a stainless steel Metal card available in 3 shades, an insurance package and exclusive offers.
Tomorrow Now
3 €
3-5 business days

1

A free Visa debit card with free transactions across the globe and N/A for free.
TARGOBANK Online-Account
3.95 €
N/A

1

An online current account that comes with a Visa credit card. Free online transfers and free cash withdrawals at more than 3,000 ATMs.
bunq Easy Green Personal
17.99 €
Up to working 10 days

1

An account with an exclusive stainless steel card. Help the environment – a tree will be planted for every €100 you spend.
N26 Smart
4.90 €
Up to 10 working days

1

A mid-tier, premium subscription plan that comes with a range of essential money management features to help you better manage your finances.
Tomorrow Change
7 €
3-5 business days

1

Manage your shared finances conveniently with Tomorrow’s mid-tier plan. Benefits include multiple sub-account, fee-free monthly cash withdrawals and more.
bunq Easy Money Personal
8.99 €
Up to working 10 days

1

A card linked to up to 25 individual IBAN accounts. Earn interest on all money in your account and benefit from competitive rates and fees.
Vivid Premium
9.90 €
4-5 days

1

A premium bank account with maximised cashback rewards on everyday spending online and in store, including up to 100 € cashback per month.
N26 You
9.90 €
Up to 10 working days

1

A smart IBAN account with no currency conversion fees, complimentary insurances and no ATM fees here or abroad.
bunq Easy Bank Personal
2.99 €
Up to working 10 days

1

Benefit from zero FX fees, bill splitting facility, and a wide range of advance payment features with this low-cost digital account.
Tomorrow Zero
15 €
3-5 business days

1

A free Visa debit card with free transactions across the globe and unlimited free ATM withdrawals per month.
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Please note these products are not licenced as banks. Check our product review pages for details.
Name Product Management Fee Card delivery Supported currencies
Wise Multicurrency Account
0 €
Up to 14 working days

19

Wise (formerly TransferWise) is an international account with over 50 currencies, instant and very convenient money transfers, a card to spend in any currency, bank details to be paid in 30 different countries and multi-currency direct debits.
Wirex Standard
0 €
Up to 4 business days

12

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Benefit from an array of digital payment features, including a free prepaid Wirex card and unlimited fee-free transfers at interbank rates - with zero monthly subscription fee.
Revolut Premium
7.99 €
Up to 3 working days

28

A combined current account and IBAN account with unlimited free currency conversions and international transfers in over 25 currencies.
VIABUY Prepaid Mastercard
VIABUY Prepaid Mastercard
5.82 €
3-5 business days

1

VIABUY Prepaid Mastercard comes with no line of credit and it does not require credit checks.
Wirex Premium
9.99 €
Up to 4 business days

12

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Enjoy revolutionary digital payment features on-the-go, plus exclusive merchant deals and higher rewards when you spend on your Wirex card.
Revolut Standard
0 €
Up to 9 working days

27

Enjoy no monthly fee, no currency conversion fees up to 1.000 £ per month, and the ability to hold over 15 currencies in your account.
Revolut Plus
2.99 €
Up to 9 working days

25

Enjoy purchase, event ticket and returns protection, plus other innovative features with this lower-priced subscription plan.
Wirex Elite
29.99 €
Up to 4 business days

12

Get a Welcome Bonus of $15 USD in WXT when you sign up with Wirex through Finder.

Access supercharged rewards and curated merchant offers in addition to standard Wirex digital payment features and travel card.
Revolut Metal
13.99 €
Up to 3 working days

29

A premium account with an exclusive Metal card featuring insurances, cashback, concierge service, cryptocurrencies and more.
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Frequently asked questions

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